Earlier, one of the persons said, Aditya Birla Group flagship Grasim Industries Ltd and Adani Group were approached for the deal, since some of their subsidiaries are engaged in construction and real estate that requires paints and coatings.
"The discussions with the two groups (Aditya Birla group and Adani Group) remained inconclusive. Now, the names at the top of the list of bidders have changed, with valuations being negotiated at $2.1-2.5 billion," one of the two people cited above said on the condition of anonymity.
Akzo Nobel NV, Europe's largest paint maker, has hired Citigroup to sell its 74.6% stake in the Indian unit.
Denne historien er fra December 18, 2024-utgaven av Hindustan Times Noida.
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Denne historien er fra December 18, 2024-utgaven av Hindustan Times Noida.
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RANBIR'S A GENTLEMAN: GAUAHAR
The actor defends her former co-star as he faces criticism for 'ignoring' wife Alia at a recent film festival
The actor defends her former co-star as he faces criticism for ‘ignoring’ wife Alia at a recent film festival
Actor Gauahar Khan has come out in support of her Rocket Singh: Salesman of the Year (2009) co-star Ranbir Kapoor as he continues to face criticism for seemingly ignoring his wife, actor Alia Bhatt, at the Raj Kapoor Film Festival in Mumbai.
A live-action adaptation that lacks both style and substance
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I want to introduce ghazals to young gen in a way that resonates
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RAKUL HELPS ME SEE GOOD IN PEOPLE
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LIVERPOOL IN LEAGUE CUP SEMIS, ARSENAL ADVANCE TOO
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ICC agrees on hybrid model, India to play CT games at a neutral venue
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Richa, Smriti take India to series win
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Ashwin's call and why retirement can be fresh start
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